During the recent session, Marvell Technology Inc (NASDAQ:MRVL)’s traded shares were 10.82 million, with the beta value of the company hitting 1.71. At the last check today, the stock’s price was $69.76, reflecting an intraday loss of -3.49% or -$2.52. The 52-week high for the MRVL share is $127.48, that puts it down -82.74 from that peak though still a striking 23.75% gain since the share price plummeted to a 52-week low of $53.19. The company’s market capitalization is $60.36B, and the average trade volume was 15.89 million shares over the past three months.
Marvell Technology Inc (MRVL) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.34. MRVL has a Sell rating from 0 analyst(s) out of 27 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 24 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.61.
Marvell Technology Inc (NASDAQ:MRVL) trade information
Marvell Technology Inc (MRVL) registered a -3.49% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -3.49% in intraday trading to $69.76, hitting a weekly high. The stock’s 5-day price performance is -24.03%, and it has moved by -40.10% in 30 days. Based on these gigs, the overall price performance for the year is -11.39%.
The consensus price target of analysts on Wall Street is $120, which implies an increase of 41.87% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $91 and $122 respectively. As a result, MRVL is trading at a discount of -74.89% off the target high and -30.45% off the low.
Marvell Technology Inc (MRVL) estimates and forecasts
In the rating firms’ projections, revenue will increase 42.38% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 1.88B as predicted by 29 analyst(s). Meanwhile, a consensus of 28 analyst(s) estimates revenue growth to 1.99B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 1.16B and 1.27B respectively. In this case, analysts expect current quarter sales to grow by 61.60% and then jump by 56.07% in the coming quarter.
While earnings are projected to return 78.84% in 2025, the next five years will return 43.05% per annum.
MRVL Dividends
Marvell Technology Inc is due to release its next quarterly earnings in April. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Marvell Technology Inc is 0.24, with the dividend yield indicating at 0.34 percent, continuing the trend of increasing dividends in recent years.
Marvell Technology Inc (NASDAQ:MRVL)’s Major holders
The next largest institutional holding, with 74.41 million shares, is of VANGUARD GROUP INC’s that is approximately 8.6023% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $5.2 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Marvell Technology Inc (MRVL) shares are Vanguard Total Stock Market Index Fund and Fidelity Blue Chip Growth Fund. Data provided on Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 27.44 shares. This amounts to just over 3.17 percent of the company’s overall shares, with a $1.86 billion market value. The same data shows that the other fund manager holds slightly less at 23.44, or about 2.71% of the stock, which is worth about $1.59 billion.
